tech

3/3/25

Anthropic’s new fundraise gives it a $61.5 billion valuation

AI startup Anthropic announced today that it successfully raised an additional $3.5 billion, giving it a valuation of $61.5 billion.

The company, which developed the “Claude” series of AI models, said that the series E fundraising round was led by Lightspeed Venture Partners, along with the venture capital arms of Salesforce and Cisco, among others.

Founded by former OpenAI executives, the company has already raised $8 billion from Amazon, and also counts Alphabet and Qualcomm as investors. Anthropic’s Claude will be powering some of Amazon’s AI-enhanced Alexa reboot.

The Information recently reported that Anthropic is aiming to cut its 2024 $5.6 billion cash burn rate in half and is projecting revenue of up to $34.5 billion in 2027.

Anthropic raises Series E at $61.5B post-money valuation

Anthropic raises Series E at $61.5B post-money valuation

Founded by former OpenAI executives, the company has already raised $8 billion from Amazon, and also counts Alphabet and Qualcomm as investors. Anthropic’s Claude will be powering some of Amazon’s AI-enhanced Alexa reboot.

The Information recently reported that Anthropic is aiming to cut its 2024 $5.6 billion cash burn rate in half and is projecting revenue of up to $34.5 billion in 2027.

More Tech

After Nvidia deal, the US government has made a roughly $4.5 billion paper profit on its Intel stake in less than a month

The government has returned roughly 51% on the investment since announcing it August 22.

Nvidia CEO Jensen Huang shakes hands with US President Donald Trump

US-INTERNET-AI-META

Watch: Meta virtual reality conference bloopers

Meta Connect was tough to watch.

Congress Considers Bill To Force Sale Of TikTok

By some measures, TikTok has grown bigger than Facebook or Instagram in the US

Oracle’s potential TikTok takeover is a big deal to US competitors like Meta and Snap.

Rani Molla9/17/25

tech

9/17/25

Nvidia, Microsoft, OpenAI, CoreWeave pledge $42 billion investment in UK AI projects during Trump’s visit

Nvidia, Microsoft, and CoreWeave announced pledges to invest tens of billions to build out the UK’s AI infrastructure.

Coinciding with President Trump’s visit to the UK, the companies announced new data centers, hundreds of thousands of Nvidia Blackwell GPUs, and support for the UK’s sovereign AI programs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

Trump Lands in UK With Flurry of Pledges From Microsoft, Open AI

Trump Lands in UK With Flurry of Pledges From Microsoft, Open AI

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

tech

9/17/25

Amazon launches AI chatbot to help create and distribute ads and ad agency investors don’t care

Amazon has launched a “creative partner” AI chatbot to help small businesses create ads and distribute them. The tool, currently in beta, helps users create the ads themselves, including video, with text prompts and then can place them across Amazon’s ad inventory, including outside websites and platforms Amazon has deals with, including Netflix.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Amazon Aims to Grow Ad Sales Further by Automating Creation

Amazon Aims to Grow Ad Sales Further by Automating Creation

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.

©2025 Sherwood Media, LLC